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    HomeNewsBusinessMarketsRupee pares gains tailing weak euro

    Rupee pares gains tailing weak euro

    The rupee quickly lost its initial gains to snap a four-day rise in early trade on Wednesday, tracking a weak euro as investors positioned for a European Central Bank policy meeting on Thursday.

    July 04, 2012 / 11:03 IST

    The rupee quickly lost its initial gains to snap a four-day rise in early trade on Wednesday, tracking a weak euro as investors positioned for a European Central Bank policy meeting on Thursday.

    Traders will watch the debt limit auction to overseas investors for cues.

    At 9.09 a.m, the rupee was at 54.53-54.54 to a dollar, as against Tuesday's close of 54.36-54.37. It opened at 54.35 to the dollar.

    first published: Jul 4, 2012 09:02 am

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